Deutsche Bank AG (NYSE: DB)’s stock price has decreased by -0.06 compared to its previous closing price of 15.68. However, the company has seen a -0.76% decrease in its stock price over the last five trading sessions. proactiveinvestors.co.uk reported 2024-06-24 that Legal & General Group PLC (LSE:LGEN) has had a lower price target repeated by analysts at Deutsche Bank, seemingly for those who might have missed it the first time. Deutsche first cut is target to 275p from 300p on 18Th June, due to a reduction in total EPS forecasts by 6% across 2024-2026.
Is It Worth Investing in Deutsche Bank AG (NYSE: DB) Right Now?
Deutsche Bank AG (NYSE: DB) has a higher price-to-earnings ratio of 6.67x compared to its average ratio. DB has 36-month beta value of 1.22. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 1 as “sell.”
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The public float for DB is 1.85B, and currently, short sellers hold a 0.35% ratio of that float. The average trading volume of DB on June 26, 2024 was 2.50M shares.
DB’s Market Performance
DB stock saw a decrease of -0.76% in the past week, with a monthly decline of -8.09% and a quarterly a decrease of 2.02%. The volatility ratio for the week is 0.91%, and the volatility levels for the last 30 days are 1.30% for Deutsche Bank AG (DB). The simple moving average for the last 20 days is -3.22% for DB stock, with a simple moving average of 14.76% for the last 200 days.
DB Trading at -4.97% from the 50-Day Moving Average
After a stumble in the market that brought DB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.73% of loss for the given period.
Volatility was left at 1.30%, however, over the last 30 days, the volatility rate increased by 0.91%, as shares sank -7.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.97% upper at present.
During the last 5 trading sessions, DB fell by -0.82%, which changed the moving average for the period of 200-days by +51.60% in comparison to the 20-day moving average, which settled at $16.12. In addition, Deutsche Bank AG saw 15.65% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for DB
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.97 for the gross margin
The net margin for Deutsche Bank AG stands at 0.12. The total capital return value is set at 0.0. Equity return is now at value 7.05, with 0.34 for asset returns.
The debt to equity ratio resting at 1.95. The interest coverage ratio of the stock is 0.13.
Currently, EBITDA for the company is -1.07 billion with net debt to EBITDA at -116.48. When we switch over and look at the enterprise to sales, we see a ratio of 0.0. The receivables turnover for the company is 22.9for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.58.
Conclusion
To put it simply, Deutsche Bank AG (DB) has had a mixed performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
